Zerodha Sensibull free vs pro for Z customers
Sensibull is an options analytics platform funded by Zerodha via Rainmatter Capital . For Zerodha customers, the free tier provides basic options analytics; the pro tier provides advanced strategy backtesting, screeners, and analytics. This article compares the tiers and what each offers.
Sensibull’s role
Sensibull specialises in options analytics:
| Capability | Description |
|---|---|
| Option chain | Live option chain with greeks, IV, OI |
| Strategy builder | Build multi-leg option strategies; payoff diagram |
| Strategy screener | Find strategies matching criteria (e.g., positive theta) |
| Backtesting | Test option strategies against historical data |
| Education | Tutorials and content |
It is purpose-built for options; less focus on equity / futures.
Free tier (for Zerodha customers)
The Sensibull free tier includes:
- Live option chain.
- Basic strategy builder.
- Payoff diagrams.
- Educational content.
- Basic options screeners.
This is sufficient for most retail options traders to:
- Visualise option strategies.
- Understand greeks (delta, gamma, theta, vega).
- Build and analyse a planned trade.
Pro tier
The Sensibull pro tier adds:
- Advanced strategy backtesting.
- Strategy optimiser (find the best combination).
- Advanced screeners (multi-criteria, custom).
- Analytics on past trades (post-trade analysis).
- API access for some features.
Pro is a paid subscription; pricing on sensibull.com .
Integration with Kite
Like Streak and Smallcase, Sensibull integrates via Kite Connect :
- User authorises Sensibull on their Zerodha account.
- Strategies built in Sensibull can be placed as orders via Kite Connect.
- Trade execution happens on Zerodha; analytics on Sensibull.
Free tier sufficiency
For most retail options traders:
- Free tier is enough for trade planning and execution.
- Pro tier valuable for active options-focused traders running 5+ strategies concurrently.
A retail trader new to options should start with free tier and decide based on need.
What Sensibull doesn’t do
- Personalised advice. Sensibull is a tool, not a SEBI-registered investment advisor.
- Order execution alone. Sensibull doesn’t execute; it integrates with Zerodha for execution.
- Guarantees of profit. Backtesting shows historical performance; future is uncertain.
When pro tier makes sense
- Active options-focused trader running 5+ strategies.
- Strategy researcher comparing backtest results across variations.
- Multi-underlying analysis (Nifty, BankNifty, FinNifty, MidcapNifty, stock options).
- Custom screeners for specific criteria.
For weekly Nifty options scalping, free tier may suffice.
Trial periods
Some Sensibull features may have time-limited trials. Check the current offering on the Sensibull website.
Risk management
Sensibull’s tools help with trade planning but cannot eliminate the risks of options trading. Per the SEBI retail F&O loss study , 90% of retail options traders lose money; tools alone don’t change that.
For new options traders:
- Start with paper trading (no real money).
- Build strategy understanding before deploying capital.
- Start small.
- Use Sensibull’s payoff diagram to visualise risk before each trade.
See also
- Zerodha Streak free for Z customers
- Zerodha Smallcase free for Z customers
- Zerodha Open API community
- Kite Connect (Zerodha API)
- Sensibull
- Streak
- smallcase (basket-investing platform)
- Zerodha Universe (ecosystem map)
- Zerodha proprietary trading desk
- Zerodha IDFC First Bank tie-up (legacy)
- Zerodha Daily Brief (Markets) podcast
- Zerodha podcast list
- SEBI 90% retail F&O traders lose money study
- SEBI F&O entry barrier rules 2024
- Lot size revision F&O 2024
- STT hike on F&O October 2024
- Weekly expiry contraction November 2024
- SPAN and exposure margin on Kite
- Option premium credit on Kite funds
- How to add F&O contracts to the marketwatch
- How to add Nifty / BankNifty options to the marketwatch
- Kite Positions tab explained
- Implied volatility
- Futures and options
- SEBI RA vs IA distinction
- Finfluencer SEBI ban impact on Zerodha referrals
- Is Zerodha safe
- Zerodha 12-character user ID format
- Rainmatter Capital
- Zerodha
- Kite (Zerodha)
- Zerodha Console
External references
References
- Sensibull, Pricing and features, sensibull.com.
- Zerodha, Sensibull integration, zerodha.com.
- SEBI, Options trading framework, sebi.gov.in.